CHE vs GNLX: Correlation
Chemed Corp (CHE) and Genelux Corporation (GNLX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHE and GNLX?
Across a 3-year window, the weekly returns of CHE and GNLX correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -593.4 %².
Within CHE's tracked universe of 16 assets, GNLX comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHE ahead by 35.8 points (+14.9% versus -20.9%). Risk is not evenly split, since GNLX carries 3.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CHE vs GNLX: side by side
| CHE (Chemed Corp) | GNLX (Genelux Corporation) | |
|---|---|---|
| 1-year return | +14.9% | -20.9% |
| 5-year return | +12.2% | n/a |
| Volatility (ann.) | 26.0% | 94.6% |
| Beta vs S&P 500 | 0.21 | 0.99 |
| Max drawdown (3Y) | -42.9% | -94.4% |
| Market cap | $6.8B | $0.1B |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHE | GNLX |
|---|---|---|
| 2022 | -3.2% | – |
| 2023 | +14.9% | – |
| 2024 | -9.1% | -83.2% |
| 2025 | -18.9% | +84.7% |
| 2026 | +22.1% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHE and GNLX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHE and GNLX?
As of 2026-08-27, the correlation of weekly returns between CHE and GNLX is -0.24 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is GNLX a good diversifier for CHE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/che-vs-gnlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/che-vs-gnlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHE correlations · GNLX correlations
